The high growth rate in China in the last twenty years has similarities to the high growth rate of ________ during the 1950s and 1960s

Total bank reserves are an example of a Federal Reserve

A) tool. B) intermediate target. C) operating target. D) objective.

Four automobile manufacturers account for 92 percent of total sales in their industry. They experience large economies of scale and favor tariffs on imported automobiles. What additional information is needed to classify this industry as a collusive oligopoly?

a. the market share for each firm in the oligopoly b. the existence of a cartel agreement between them c. evidence that they have zero long-run economic profits d. a high Herfindahl-Hirshman Index for their industry